Vanguard Personalized Indexing Management LLC Has $1.28 Million Stock Holdings in Equitable Holdings, Inc. (NYSE:EQH)

Vanguard Personalized Indexing Management LLC boosted its stake in shares of Equitable Holdings, Inc. (NYSE:EQH) by 11.0% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 31,404 shares of the company’s stock after buying an additional 3,123 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Equitable were worth $1,283,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of EQH. Dimensional Fund Advisors LP raised its holdings in shares of Equitable by 15.2% during the second quarter. Dimensional Fund Advisors LP now owns 4,083,650 shares of the company’s stock worth $166,855,000 after acquiring an additional 539,904 shares during the period. Envestnet Asset Management Inc. increased its holdings in Equitable by 81.7% during the 2nd quarter. Envestnet Asset Management Inc. now owns 102,385 shares of the company’s stock worth $4,183,000 after purchasing an additional 46,027 shares in the last quarter. Federated Hermes Inc. raised its stake in shares of Equitable by 1,095.9% in the 2nd quarter. Federated Hermes Inc. now owns 600,662 shares of the company’s stock valued at $24,543,000 after purchasing an additional 550,436 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in shares of Equitable by 31.1% in the second quarter. DekaBank Deutsche Girozentrale now owns 85,875 shares of the company’s stock valued at $3,442,000 after purchasing an additional 20,391 shares in the last quarter. Finally, Vest Financial LLC lifted its holdings in shares of Equitable by 7.3% in the second quarter. Vest Financial LLC now owns 559,510 shares of the company’s stock valued at $22,862,000 after purchasing an additional 38,104 shares in the last quarter. Institutional investors own 92.70% of the company’s stock.

Insider Transactions at Equitable

In other Equitable news, CAO William James Iv Eckert sold 3,500 shares of the stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of $42.42, for a total value of $148,470.00. Following the transaction, the chief accounting officer now directly owns 19,321 shares of the company’s stock, valued at approximately $819,596.82. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, CAO William James Iv Eckert sold 3,500 shares of the business’s stock in a transaction on Thursday, September 19th. The stock was sold at an average price of $42.42, for a total value of $148,470.00. Following the completion of the sale, the chief accounting officer now directly owns 19,321 shares in the company, valued at approximately $819,596.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Mark Pearson sold 30,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $42.20, for a total value of $1,266,000.00. Following the transaction, the chief executive officer now owns 678,555 shares in the company, valued at approximately $28,635,021. The disclosure for this sale can be found here. In the last 90 days, insiders sold 73,469 shares of company stock worth $3,067,434. 1.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on EQH shares. Morgan Stanley dropped their target price on Equitable from $48.00 to $46.00 and set an “overweight” rating on the stock in a research report on Monday, August 19th. Jefferies Financial Group lifted their price objective on shares of Equitable from $46.00 to $51.00 and gave the company a “buy” rating in a report on Friday, June 28th. Wells Fargo & Company reduced their target price on shares of Equitable from $45.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, August 12th. UBS Group lowered shares of Equitable from a “buy” rating to a “neutral” rating and lifted their price target for the company from $40.00 to $43.00 in a research note on Tuesday, June 18th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Equitable from $36.00 to $45.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 2nd. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $46.64.

Equitable Trading Down 0.8 %

Equitable stock opened at $42.11 on Monday. The stock has a 50-day simple moving average of $40.90 and a 200 day simple moving average of $39.56. The stock has a market capitalization of $13.70 billion, a P/E ratio of 13.04 and a beta of 1.42. The company has a debt-to-equity ratio of 3.06, a quick ratio of 0.12 and a current ratio of 0.12. Equitable Holdings, Inc. has a 52 week low of $24.65 and a 52 week high of $44.50.

Equitable (NYSE:EQH) last posted its earnings results on Tuesday, July 30th. The company reported $1.43 earnings per share for the quarter, topping analysts’ consensus estimates of $1.40 by $0.03. Equitable had a return on equity of 87.49% and a net margin of 7.87%. The business had revenue of $3.51 billion for the quarter, compared to analyst estimates of $3.71 billion. During the same period in the previous year, the firm earned $1.17 EPS. The firm’s revenue was up 47.7% compared to the same quarter last year. Analysts expect that Equitable Holdings, Inc. will post 6.01 earnings per share for the current year.

Equitable Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 13th. Stockholders of record on Tuesday, August 6th were given a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 2.28%. The ex-dividend date of this dividend was Tuesday, August 6th. Equitable’s payout ratio is presently 29.72%.

About Equitable

Equitable Holdings, Inc, together with its consolidated subsidiaries, operates as a diversified financial services company worldwide. The company operates through six segments: Individual Retirement, Group Retirement, Investment Management and Research, Protection Solutions, Wealth Management, and Legacy.